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As from January 1, the tax on legal entities for the current year began to be collected. The corporations obliged to pay this tax will have until the 31st of this month to comply with the payment, without interest or fines.
For this 2022 there was no variation in the parameter used to calculate this tax, since the monthly base salary, which is ¢462,200, is the same as in 2021, so the amounts to be paid for inactive companies, those that are not registered before the Tax Authorities under any lucrative activity, will be the same that should have been paid during 2021 and for active companies depending on the gross income declared in the previous fiscal period, or depending on whether or not they are taxpayers, they will pay as follows:
1. Companies that are not income tax payers, commonly referred to as inactive companies, pay 15% of the base salary, i.e., the amount of ¢69,330.
2. Companies registered as income tax payers that declare zero income or no activity or registered companies that have declared gross income less than 120 base salaries, that is, less than ¢55,464,000 colones, will pay 25% of the base salary, namely the sum of ¢115,550.00.
3. Companies with gross income greater than 120 base salaries but less than 280 salaries, i.e., less than ¢129,416,000 pay 30% of the base salary, i.e., ¢138,660.
4. Companies with gross income greater than 280 salaries, pay 50% of the base salary, i.e. the sum of: ¢231,100
5. New companies: all those companies that are incorporated during the course of the year will pay corporate income tax proportionally, taking into consideration the date of their registration and the last day of the 2022 period.
Timely compliance with this tax is of utmost importance to avoid financial penalties. As of February 1 there is a fine of 1% per month elapsed. Companies in arrears will not be able to carry out transactions before the National Property Registry or contract with the State or any other public institution. Also, taking into consideration that the lack of payment for three consecutive periods of this tax will be cause for dissolution of the company.
UPDATE OF LUXURY HOME TAX PAYMENT FOR THE PERIOD 2022
By means of Executive Decree No. 43370-H, the Ministry of Finance established the corresponding tax brackets to be paid in 2022 for the solidarity tax for the strengthening of housing programs, better known as the Luxury Homes Tax Law.
The exempted amount for this year is the amount of ₡137,000,000.00, this means that the owners of houses with a value higher than such amount are the ones obliged to pay this tax. It is very important to take into consideration that this amount is considered for the existing constructions within a property, the cost of the land must be excluded.
The following are the tax brackets to be paid:
| Value | Tax % |
| Over 137,000,000.00 and up to 344,000,000.00 | .25% |
| Over 344,000,000.00 and up to 691,000,000.00 | .30% |
| Over 691,000,000.00 and up to 1,036,000,000.00 | .35% |
| Over 1,036,000,000.00 and up to 1,383,000,000.00 | .40% |
| Over 1,383,000,000.00 and up to 1,726,000,000.00 | .45% |
| Over 1,726,000,000.00 and up to 2,073,000,000.00 | .50% |
| Over the excess of 2,073,000,000.00 | .55% |
Do not be left without filing your return, at ERP Lawyers we offer you a team of lawyers that can assist you with this new obligation. Contact us and we will gladly assist you at info@erplawyers.com.
